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Business/Financial

Orbital Buys GD Unit, Enters Medium Satellite Market

DDN

Monday, March 8th, 2010

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By Calvin Biesecker Orbital Sciences Corp. [ORB] last Thursday said it has agreed to acquire the spacecraft development and manufacturing business of General Dynamics [GD] for $55 million, giving the company an instant entry into the government market for medium-size satellites. The cash deal is expected to close early in April. Orbital officials said on Friday they expect the acquisition to add about $50 million in sales in the current fiscal year with modest earnings accretion and $100 million in…

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

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Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

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Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]